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Post# of 18778
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Julius Erving

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Julius Erving

Re: Julius Erving post# 7643

Tuesday, 03/01/2016 4:20:48 PM

Tuesday, March 01, 2016 4:20:48 PM

Post# of 18778
"When Swala Energy announced the joint venture in June, CEPSA had committed to pay Sh660 million ($7.5 million) should it participate in the drilling (or spudding) of the first well in the area."

So, CEPSA was not willing to spend 7.5 million dollars on 12B, but they are willing to spend $30.000.000 at least on 11A...

Well, some sort of confidence seems to be present at CEPSA in regards to the Tarach-1 drill.

http://www.businessdailyafrica.com/CEPSA-quits-Kisumu-oil-exploration/-/539552/2402248/-/cijsnmz/-/index.html

Julius Erving.
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